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>> this is the bigboard. the dow jones industrials up a whpg 75 points. if it hold steady, it will set a record that hasn't happened in the last 16 years, ten straight winning days, and the s&p is within striking distance of an all-time high. is it for real? is it a bubble that will burst?
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i don't know. but maybe neil knows. that's it for "studio b." neil cavuto with "your world" is next. feel neil thank you. better late than never. have a look at this senate budget plan first. let's say, good things take time but doesn't mean that bad things still can't take the cake. if democratic senator patty muirry is calling this budget heavenly, when you see what we uncovered, heaven can wait. >> welcome everybody. glad to have you 1,414 days. that is how long it took democrats to finally come up with a new budget. that's close to four years. in the same amount of time, you could have built three and a half empire state buildings, or the golden gate bridge, or
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assemble and mobilize 5,978 ships like they did in world war ii. that enough time to construct not just one titanic. how about two? because that's no ship. and the five and a half trillion bucs we head to our budget proves we're in deep. >> so glad you had to reach that. >> neil: it is interesting, took this long to get this. >> something so simplistic and so insincere. the administration and apparently senate democrat does not believe, we have a spending problem and don't believe the deficit is a problem.
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i think the small officering -- offering the made toward funding cuts, goes to appease the public, which doesn't feel the same way -- >> neil: no attempt to balance this thing at any time. >> balance? you had a. -- to piggyback off the fiscall cliff, what interests me is you're going to get all this money from loopholes. i don't know what the loop holes there. there's a notion that the oil companies don't pay any taxes. of course they pay bills -- billions and bills of tax. >> a number of republicans were grateful. well, at least they're not raising tax breaks. have they been so cowed and beaten down that they're grateful it's the only revenue enhancement are just closing
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loopholes, special breaks, allowances, deductions. >> still more money that guess out of the economy and doesn't have an impact. more importantly, though, it's still sold the same way. still taxing the rich corporations and rich americans who have unfair advantages. so it leaves the door open to another sort of tax the next go-around. i didn't think -- >> neil: i thought that was off the table. >> after you get $41 in tax hikes with one dollar in tax cuts. >> there is the argument that you have the ryan plan, the murray plan, maybe have two sides that could broach some differences but i see some chasm
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>> but it's a more hopeful tone on both parties. the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but both sides okay with the spending and both sides -- democrats-saying something about taxes. but there's $100 billion in there for a new stimulus plan, which i don't know how well that's going to fly. and then ryan keeping in the
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notion of appealing obamacare has to -- >> move on. >> that's not going to work at least for the next four years. so you keep it in there, maybe it's something you give up during negotiations. i think people watching the show should feel more hopeful, but to your point, the chasm, we're so far away from a deal, something i wouldn't bet on. >> neil: democrats claim their budget will slash the deficit, but testimony today seemed to contradict that. >> do the outlays in the first year of this budget exceed the outlays of last year's budget? and if so, by how much, both in dollars and percentage? do we know that? >> talking about 14 over 13, sir? >> yes. >> so $116 billion higher and 14 over 13. >> neil: wait a minute. i -- how can that be. we have been crunching the and e
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democrats' budget does jump by more than $2 trillion over the next 10 years or 58%. the argue. is it is 3 trillion less than if they had not done that. isn't that like me saying i'm only going to gain 15 pounds this year, not 20, and tell people i lost five pounds. >> it's exactly that. it is rather riotous, the way they talk. it's always been that way. i was the first chief economist te'o nb exit was done back then as well. it's very disingenuous. >> neil: where are we going from here? charlie said the civil tone about patty murray and her plan and paul ryan and his plan and they're not ripping each other to shreds, and that will somehow lead to something. what do you think? >> i think it's a nicer tone, but so what?
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that and a dime will get you a cup of coffee. the neat thing is it lays clearly what the democrats believe to be their agenda, what the electorate likes, and gives you paul ryan's growth of a pro-growth agenda and let the people choose. 2014 is not far away and these or two perfect budgets to allow people to really choose which party they want if they want the democrats good, for it. my view is paul ryan has by far -- the correct plan, the right way to go, and i think that will win them the election in 2014. >> neil: i don't know. i guess -- you're a better read than i am. i tell you, i look at this and say, all right, if the most draconian we're looking at of any of the plans is still resulting in ten years from now the government being, by many trillions bigger than it is today, and all the entitlement
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programs, defense as well, all a lot bigger than they are today, just maybe not as big, i don't know if that is such a reassuring achievement. >> but neil, you can't take this as the end game. this this first salvo. i if you took our tax bill in 1981 as the end all be all, it wasn't. the 86 tax act where is we brought the tax rate down to 28%. so, this is the starting of a new political battle going on. >> neil: you just said this will be something that will be decided in the 2014 contest. put what seems to signal it will be at least that long before we can get anything done. >> for sure. we'll be lucky to get anything done by 2016, to be honest. >> think how many more trillions we will have added to the debt. >> if you can get it done faster, i'm on your team.
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>> neil: where is the great societal upheaval, to get their haneys and doing something, and democrats say there isn't a problem. so where are we headed here? >> you're having the proverbial frog boiled in the water slowly. but there will be action taken. that will come in the election of 2014 and for sure in 2016. but you're right, there's no upheaval today no one marching in the streets, none of that is happening. but these processes do take a while, and don't be too pessimistic, neil. the election in 2014 -- >> i love you dearly but you sound like the woman who rand up to the first lady, outside of that, mrs. lincoln, how was the show? >> this is -- yes, this is pretty bad stuff. but this country is plenty
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strong to make it through the next four years. >> neil: you're right. you're right. and you're a good man and optimistic, and -- >> i've got to be. >> neil: you're rich and you don't care. >> i'm not rich and i do care. >> neil: i'm kidding. we can forget the deficit. will charitable living go down? i got into it with bill gates. >> the one worry we have is whether we're going to get an impact from the rich paying more taxes, legs in contributions. do you worry about that? >> very important. the u.s. is very unique in not only the scale of philanthropy but the breadth. it's not just the rich that give. it's impressive the nonrich are so generous in the country, and
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utah stands out 5% of their income, and it's 2% elsewhere. so it's a broad moved. we have very good ngos, certainly if you -- there could be some cutbacks, although because it's a deductible, it cuts a little bit both ways. you don't want to run tax rates up. you want to find the balance between if these are important programs, okay, then we've -- you're going to have to pay for them at some point. >> neil: but as the richest man in america found the balance, you're going offend out tonight on fox business network because i had a very unusual interview with bill gates. what he thinks about u.s. aid to egypt and someso much else on the commitment of the part of the rich. how much you should give up. what it means to our technology future? are we giving that away? the third world countries? bill gates says he has never seen him or heard him before
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tonight. but i'm thinking, my gosh, might not have espn. >> demand it! >> yeah, a lot of money on the line. >> the dow, can you believe it? the dow is now for the tenth straight session, a winning streak we have not seen since 1996, and a lot of it from optimism the easy money will continue, the low interest rates will continue, and the steady as she goes economic turn-around will continue. not gangbusters but enough to keeped a vans. ' meanwhile, protects the president. now he says the president is throwing the secret service under the bus. >> remember this? he is not back. guess who is. >> i think my role is to make it as challenging an environment for the others as i possibly
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>> neil: the president is feeling the heat over the canceled white house tours. so is he actually now passing the buck? >> i have to say this was not a decision that went up to the white house. >> the president is saying it was the secret service that decided that. let's not just say that it's sitting well with my next guest. you used to protect the president. now he says the president is essentially throwing the entire agency under the bus. you would know. who is right on this? would it be the secret service that would make this decision on its open without any consult with the executive branch? what? >> no, neil. that's not possible.
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this is -- by the way, thanks for having me. this is an act of political cowardice. i stayed away from this story for a while but throwing the secret service under the bus -- i'm speaking as a former agent. this was an act of political cowardice. these are men and women who laid down their lives proudly for the president of the united states, and he conveniently finds a political target in them, using them knowing they're going to take it on the chin, they always do, because that's the kind of folks they are. bus this disgusted me. >> neil: dan, let's say when it comes to overseeing hours -- house -- white house tours-is that something the secret service oversees? >> we don't determine who comes in. we just secure who does come in. >> neil: what this parent agency? >> you have the white house social office --
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>> neil: to noh. no. social security. >> neil: department of homeland security. >> neil: that would ultimately far null janet napolitano. >> we don't determine who comes into the white house. all they do is secure who comes in. we don't determine who comes in. so to say the secret service injectes themselves, stop going on vacates and stop golfing? this doesn't pass the smell test. >> neil: i'm trying to follow this through. i you'll indulge my thick skull. after nine the white house tours stopped because they thought it would be a security threat. who made that call? was that a call on the part of the secrecy service at the time? others? who? >> well, this is security situation like that, that different. here's the irony. even that wasn't done by the
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secret service alone. it was done in congestion with the executive office of the president. they don't make these decisions unilateralliful this is like the thurston howell, shutdown the white house to the public, blame it on the secret service, get caught, and then lie about it. at what point are other folks in the media going to start to say, we have been punched in the face enough by this administration. it's time to call him on it. >> neil: i thought that all of the executives' decisions post-a deal sequestration are in the executive bran's purview. >> they have not cut in salaries in the executive office of the president, just cut you out of the white house. >> neil: dan, thank you very much. we spend more but they hate us more. why do we keep give can them checking when they keep cutting
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♪ i don't care so much for money, money can't buy me love love ♪ >> neil: the beatles got it but why can't we. american leadership is falling out of favor. 12% approve of u.s. leadership in egypt, it's 17%. the u.s. gives those countries a lot of money and we're not getting a lot of respect back. this security analyst says maybe we should just keep the cash. explain, aaron. >> well, i believe for the amount of money we're giving to pakistan and egypt, given the national security risks we face as a result of the sharia law
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imposed upon egypt and the budding terror organizations that our intelligence networks are cracking on a daily basis, the fact we killed one of most notorious leaders in the history of counterterrorism in pakistan. >> neil: would you stop giving money outright? ron paul has always argued, with all the billions of the years we have given to so many countriess to buy their friendship, we want put a deposit down on their lyings and they turn around and hate us, or in the case of the muslim brotherhood in egypt, we give them more money to hope that will make up for the money we have already given them. >> this is just -- it's clearly a -- i'm not -- i still haven't figured out why there's so much
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thick smoke regarding giving aid to these countries, given the fact they're centrally located in the heart of what continues to be one of our most significant security threats again, which is the fact that you're dealing with specific countries who are allowing the incitement and recruitment of terror organizations to be able to continually operate against american assets and interests, and we just can't seem to pull the plug on giving them money. clearly -- >> neil: is there the fear if we don't, someone else well and we'll be in a deeper bind? >> and it's clearly stated, and i don't disagree that there is a certain logic to trying to control it ourselves. but the fact is that we have a country, egypt, pakistan, and they are clearly allowing terror
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groups to continue to bud and prosper and finance and operate clearly against us. so, until those sources or until our policy is completely shaped in order to address those concerns, we're going to continuously face a threat from them and that's fast ball. >> neil: thank you, aaron. >> thanks, neil. >> well, the texas governor back on the national stage. he is here next. >> i actually was a little surprised to step off our little united flight and see that everybody was still here. @e@8ñ
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>> i've been reading about the sequestration, i figure president obama had probably shut the place down and sent everybody home. actually, that wouldn't be the -- actually that would probably be the first good idea he has had when you think about it. >> neil: he is back. texas governor rick perry taking on the president over the spending cuts. at the cpac. governor, good to have you. >> go to be with you, neil. >> neil: they were loving you, hooping and hollering for you. but you're right about sequestration. some of the feared armageddon
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never materialized. we're told it's just a matter of time. >> this president is all about political spin, and it's hurting people, and when you look at the number of criminal aliens turned out on the street. we found out 2200 plus individuals were released back out. 760 plus of them in my home state. we can't get an answer from the federal government who these people are, where they were released from, what were their crimes. this is past political theater. this is where citizens of the country's lives are being put in jeopardy. when you compound that to what happened with the military and the huge cuts in our military, this president is truly playing with fire. >> neil: you're not saying we shouldn't be open to cuts in the military. >> not at all. >> neil: when i had senator
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cochran talking about the sort of grand bargain, he listed $60 billion worth of defense cuts. do you think there's room for that and that republicans have to put that their most holeyest of grails on the table to get democrats to put entitlements on the table, and if you don't see that, progress isn't going to happen. >> well, hearings what i think is important to understand. already, the military -- 50% of the cuts that have occurred with the sequestration and the other budget cuts, 50% of those cuts have come from the military, which makes up 18% of that entire budget. so, -- >> neil: republicans agreed to that. might have been foolish but they afred it to. >> here's my point. start looking into other areas in government to be cutting before you go -- when other areas of government have raised to the level that the military has cut, we'll talk more about
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it. but no more from my perspective. >> neil: so republicans are not saying another sequestration deal, or backup deal on spending, this would not be it. >> go into the into it. s. we have not talk about them at all. this is the place to look, entitlements. not the military. we have young men and women whose lives are put in jeopardy because of politics in washington, dc. that's unacceptable. >> neil: when you talk about entitlements, you would be open to raising the retirement age? >> neil: and as a matter of fact we ought to look at federal employees, military, maybe moving that to 25 years rather than 20. going from 65 to 67 for our entitlement age if you're ready to get those types of benefits. those are common sense approaches to put this budget in the shape it needs to be in.
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>> neil: governor perry, good seeing you. >> always good to be with you. thank you, god speed. >> neil: from cpac to winning voters, my next guest says it's time nor the grande old party to come up with a new game plan. here to lay it all out. the 5 you're educating referring to 51 seats. >> majority. we're not there, and i'll tell you a lot of people ask me this. is it about policy or is it something else? to me and to our pac and our membership, is about the way we are communicating. that's why wire not winning younger voters. >> neil: as a young identify yourself,, -- young guy yoursel, eight out of ten young voters went for obama and traditionally vote for democrats. what were they not hearing they are out of democrats? >> i think part of it is
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technology. democrats put money in a very smart way, investing in technology. going back to the way we communicate. do we show empathy? too we connect to voters? we're losing the moral -- we talk about lower the debt but the way we communicate it at times offends people. >> neil: when you're young, you're more liberal. the older, more conservative, the old expression. can you peel off a number of young voters in and if so, how? thick you were republican from the day you were born but not many young people are wired your way, or are they? just hasn't been properly connected,. >> we started concord 51, which focuses on energy, defense, and fiscal policy alone, because we found that over and over and
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over again, we were sit agent dinner conversations with our friends when we were in college, and on those issues people agreed. it was when we got into social political debates and other issues outside that didn't involve jobs or the economy or debt or deficit or new industry -- >> neil: any of those issues, it's a mistake. >> i have full respect for people of vary employs in social politic -- varying beliefs in social politics. the federal government needs to focus on the economy, and the republicans have aloud the narrative of their communication to continue to get to off course and only focused on social issues. >> neil: do you think young people are particularly offended when they hear the romney 47% remark and that kind of stuff and just sticks in their craw, more than other groups? apparently the impact was far more devastating for governor
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romney with young people like yourself than almost any other group. >> i think romney had a difficult time with the national party as a whole. i think that -- what i mean is the communication area. we love vigorous debate. young professionals love bipartisan politics. they don't like politics driven by ideaol and where one side will never move no matter what. >> neil: aren't young people annoyed when their college loans are mounding mounting and the don't hear from republicans much more than deal with it. >> that goes back to my point, how are we communicating things? >> you're not for bigger student loans, which is fine. how does that resonate with kids who field overwhelmed? >> democrats have done a very good job, better job than we have, of capitalizing -- >> neil: republican is tough
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love. >> tough love, and to in extent worse than that. it's not showing answers or solutions. we're coming across at times to young voters at as if we're not representing a solution or policy, just throwing stones at what we -- we spend so much time focused on the man, president obama, than we have on the policies we should use to combat him. >> neil: are more people satisfied, charisma, someone who can sing, who can -- you know? >> you dent have charisma today i don't know how you win national elections. neil: matthew, thank you very-very much. when we come back, they used your brains, so you got red, now be prepared to sing the blues. ♪ what's droid-smart ?
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the gsa is about to pay. remember last year's scandal of the general service administration's lavish taxpayer funded conference in las vegas? 11 people got fired. one is back on the job, and the judge says the agency owes him 11 months months of back pay bee the guy didn't do anything wrong. >> what do you think? >> i think this guy should definitely have been fired. and i do not think he should have gotten his job back. he missed up. >> neil: obviously a special case because he was hired back. >> i don't know what was so special. he was supposed to be paying attention he didn't pay attention. $800,000 got squandered. seems like the right thing for him to lose his job. >> neil: he didn't so maybe there was a difference. >> i don't know why this guy
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ever lost his job. first of all, $3,000 per person on a conference doesn't really seem that outrageous. >> by government standards it's not outrageous. >> if you go to vegas for a week for -- >> how many people? >> 300 people. none of those people went out and spent movement they got slapped on the wrist. that's guy who didn't know what was going on, he loses his job. if that's the way we're going to do things, the guy in charge loses his job when everyone -- >> neil: when you're in charge, the buck stops with you. >> if that's the new -- >> neil: wait a minute. >> too low on in the totem pole. >> neil: you're yelling already. you have a law firm. >> i too. >> neil: someone screws 'our embarrasses the law firm. that's on you, sparky. >> right. the person who screws up below
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me is getting canned. that's not what happened. >> neil: knee reflects -- reflects badly on this fellow? >> so what. if this is the standard, apply it higher on totem pole. why did he lose his job? >> neil: i'm done with you. what would you say to the argument something horrific happens on this set, and it embarrasses this show, my show, my name on it, i should take the fall for it. >> this is not about taking the fall. this is not like this guy is getting blamed and is taking the fault. it was this guy's job to pay attention to the money el. >> neil: and he didn't. do you think the approved of the clown we're looking at here? that alone is a offensive. just on that.
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clowns just creep me out. that alone. someone had to have this at a discussion. here's what i'm going to do. that person should get fired. you're not going to fire anyone. >> i'm not not going to fire anyone. if that's the new apply it across the board. >> chiefs are responsible. >> then let all the chiefs be responsible, not just the guy. no one -- >> neil: that goes -- wait a minute, wait a minute. that goes all the way up to the president of the united states. >> that's right. go ahead. and then -- >> neil: go ahead what? >> make the president responsible for all of spending that dose down the totem pole. then we'll see heads roll. >> neil: if your argument is it's much higher than passing the buck, goes up the food chain -- >> this is the culture of the system that's the problem. >> neil: you find that argument ridiculous. >> if afree on the point there is an overall widespread problem in government in america, in corporations, it's an american problem, spending too much money
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on nonsense. i agree. >> neil: you'd fire the clown regardless. >> the clown would be out. >> neil: and that we agree on, fear the clown. the clown didn't read -- ladies, thank you both very much. if you like your health plan you can keep it. today, you can forget bat it. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down.
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>> 98% of individual health insurance policies in the united states, right now, are in violation of obamacare standards. >> neil: if that's true, whatever happened to this? >> if you like your plan, and you like your doctor, you won't have to do a thing. you keep your plan, keep your doctor. >> if you like your health care plan, you can keep your health care plan. if you like your healthcare plan, you'll be able to keep
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your healthcare plan. period. >> neil: but apparently we can't keep our healthcare plan. the company behind a study says that less than 2% of individual insurance plans right now provide all the benefits required under the law. something that critics say all along without bringing abbott and costello. that's weird, betsy. really weird. >> that was a whopper, neil. one of the president's whoppers elm if you like your health plan you can keep it. what the law actually says you have to enroll in the one-size-fits all government designed essential benefit package and it includes many things that traditionally have not been included in health plans, including dental care and vision care for children marks tent care in all cases, and so you're going to have to pay a lot more because, let's face it, as we discussed before, there's no tooth fairy, and when the law
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requires insurance companies to cover many more things, it's really requiring you to pay for many more things. >> neil: the president, if you think about the prior bite wes strung together, like a good lawyer, when he says, if you like your healthcare plan you can keep it, he left out the provisos if it adheres to the national plan and if it does not, that's aing who other cab -- can of warms. was the -- >> there are weasel words in the law, called grandfathered health plans, but there are so many rules in this law that prevent you from actually holding on the grandfathered plan that for all intents and purposes almost no
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plans well be grandfathered, and in the employer market -- most people get their health insurance at work, through their own job or spouse's job -- employers are hiring laws to figure out how to grandfather the plan they offer. but it is really difficult. you can't change the copays, deductibles, any benefits, employer conclusions. it becomes virtually impossible to grandfather a plan so there's almost no truth to the fact that you can keep your plan if you like it. >> neil: amazing. thank you very much, i think. in the meantime, we are roughly now a little bit more than three hours away. bill gates, on fox business. first, a little teaser on fox news. trust me, you want to stick around for this. ♪
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i think we have to think twice before we tinker with it at all. >> neil: all right. this is the point of my show i do a crash tease for fox business network, which if you don't get -- >> demand it! >> neil: finally. because tonight you are really, really going to want to watch it and watch this. a revealing interview with the second richest man on the planet. bill gates on a mission of its own to make sure conditioning doesn't cut foreign aid. saying it only hurts those who need the help the most. we didn't see eye to eye. the haiti earthquake is used as an example that you are familiar with, $2 billion raised by government and private enterprise is in concerts and the like, i was recently in haiti. unless i missed something, it's as disastrous and rife with poverty and famine and abuse as it ever was. >> wait a minute. you should have gone to haiti before the earthquake.
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>> neil: i diddism did. it did go to haiti before the earthquake. >> haiti was a tough place before the earthquake. >> neil: absolutely. >> a lot of that money didn't get spent. a lot of it did get spent to restore things back to that situation. so there you are making up for huge setback. >> neil: let's say it got more heated from there. you will see for yourself. nod nasty heat but interes interesting. i take no issue with his sin sarty. he beliefs what he says and acts on what he believes. his whole $70 billion charitable foundation that he and wis wife started proved his point and mine as well. he wanted to attack serious problems head on. poverty, you name it. i assume the existing government structure had not and could not. keep in mind, bill gates long advocated the wealthy pay more in taxes to help the government like his friend warren buf

tv
Your World With Neil Cavuto
FOX News March 14, 2013 1:00pm-2:00pm PDT

News/Business. Money tips from Wall Street. New. (CC)

TOPIC FREQUENCY Neil 6, Egypt 5, Haiti 5, Paul Ryan 4, U.s. 4, Us 4, America 4, Pakistan 3, Motorola 2, Ford 2, Siemens 2, United States 2, Scottrade 2, Aaron 2, Dan 2, Ryan 2, Astrazeneca 1, S&p 1, The Texas 1, Max 1
Network FOX News
Duration 01:00:00
Scanned in San Francisco, CA, USA
Source Comcast Cable
Tuner Virtual Ch. 760 (FOX NEWS HD)
Video Codec mpeg2video
Audio Cocec ac3
Pixel width 1280
Pixel height 720


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on 3/14/2013
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